Seth Klarman’s portfolio: Baupost Group 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001061768Latest: Q2 2026
Q2 2022 filing in brief
In its Q2 2022 13F, filed August 12, 2022, Baupost Group reported $6.8B across 52 US positions. The largest: LIBERTY GLOBAL PLC (15.8%), QRVO (9.7%), VSAT (7.4%), LSXMKUSD (7.1%), VRTVEUR (5.7%). In the quarter it opened 3 positions, sold out of 6, added to 4 and trimmed 21; positions opened and sold out came to 7.5% of the portfolio's value.
Methodology
Holdings come from the manager’s Form 13F-HR filings on SEC EDGAR, with amendments applied. Values and shares are reported at quarter-end; the filing date is when the report became public. These disclosures show reported long positions and listed options, not the manager’s entire portfolio or its trades since quarter-end.
Quarterly changes compare shares with the immediately preceding quarter on file. New and exited positions appear or disappear; added and trimmed positions change their share count by more than 1%. A share change can also reflect a stock split or other corporate action.
Opened and sold out is the value of new positions plus the prior value of exited positions, divided by the average of the two quarters’ reported portfolio values. It excludes changes to positions still held. Reported value growth includes price changes and is not a measure of investment performance. Largest-five and largest-ten weights exclude options.
Holdings
Filed Aug 12, 2022
- 3 New
- 4 Added
- 21 Trimmed
- 6 Exited
52 positions at June 30, 2022. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | — | LIBERTY GLOBAL PLC | $1.1B | 48.4M | 15.80% | −10.3% | Trimmed |
| 2 | QRVO | QORVO INC | $657M | 7.0M | 9.71% | +4.8% | Added |
| 3 | VSAT | VIASAT INC | $499M | 16.3M | 7.37% | 0.0% | Held |
| 4 | LSXMKUSD | LIBERTY MEDIA CORP DEL | $478M | 13.2M | 7.06% | +18.7% | Added |
| 5 | VRTVEUR | VERITIV CORP | $387M | 3.6M | 5.72% | 0.0% | Held |
| 6 | GOOG | ALPHABET INC | $369M | 168.8K | 5.46% | −30.8% | Trimmed |
| 7 | INTC | INTEL CORP | $326M | 8.7M | 4.82% | −47.4% | Trimmed |
| 8 | FISV | FISERV INC | $314M | 3.5M | 4.64% | −11.4% | Trimmed |
| 9 | LM03 | LIBERTY MEDIA CORP DEL | $264M | 7.3M | 3.90% | +30.3% | Added |
| 10 | WBD | WARNER BROS DISCOVERY INC | $242M | 18.0M | 3.57% | — | New |
| 11 | GTX 11 PERP A | GARRETT MOTION INC | $209M | 25.5M | 3.09% | 0.0% | Held |
| 12 | — | WILLIS TOWERS WATSON PLC LTD | $183M | 927.0K | 2.70% | −24.7% | Trimmed |
| 13 | SSNC | SS&C TECHNOLOGIES HLDGS INC | $172M | 3.0M | 2.54% | −21.4% | Trimmed |
| 14 | EHC | ENCOMPASS HEALTH CORP | $165M | 3.0M | 2.44% | −1.7% | Trimmed |
| 15 | DBX | DROPBOX INC | $164M | 7.8M | 2.43% | −26.0% | Trimmed |
| 16 | EDU | NEW ORIENTAL ED & TECHNOLOGY | $163M | 8.0M | 2.41% | — | New |
| 17 | — | LIBERTY GLOBAL PLC | $151M | 7.2M | 2.24% | −6.0% | Trimmed |
| 18 | MU | MICRON TECHNOLOGY INC | $151M | 2.7M | 2.23% | −12.1% | Trimmed |
| 19 | — | THERAVANCE BIOPHARMA INC | $122M | 13.4M | 1.80% | −1.6% | Trimmed |
| 20 | META | META PLATFORMS INC | $111M | 688.9K | 1.64% | −29.0% | Trimmed |
| 21 | CLNSEUR | DIGITALBRIDGE GROUP INC | $64M | 13.2M | 0.95% | −28.4% | Trimmed |
| 22 | AMZN | AMAZON COM INC | $64M | 598.0K | 0.94% | — | New |
| 23 | ATRAGBX | ATARA BIOTHERAPEUTICS INC | $63M | 8.1M | 0.94% | 0.0% | Held |
| 24 | NXST | NEXSTAR MEDIA GROUP INC | $45M | 277.8K | 0.67% | −75.8% | Trimmed |
| 25 | — | ADVANTAGE SOLUTIONS INC | $44M | 11.8M | 0.64% | −1.6% | Trimmed |
| 26 | LFG1USD | ARCHAEA ENERGY INC | $44M | 2.9M | 0.64% | −6.1% | Trimmed |
| 27 | GTN | GRAY TELEVISION INC | $38M | 2.3M | 0.56% | +75.1% | Added |
| 28 | NUVB | NUVATION BIO INC | $34M | 10.4M | 0.50% | −0.2% | Held |
| 29 | — | LIBERTY MEDIA ACQUISITION CO | $31M | 3.2M | 0.46% | 0.0% | Held |
| 30 | GTX | GARRETT MOTION INC | $28M | 3.6M | 0.41% | 0.0% | Held |
| 31 | TBPH 3.25 11/01/23 | THERAVANCE BIOPHARMA INC | $26M | 28.1M | 0.38% | −6.3% | Trimmed |
| 32 | CGEM | CULLINAN ONCOLOGY INC | $20M | 1.5M | 0.29% | 0.0% | Held |
| 33 | — | GRAB HOLDINGS LIMITED | $14M | 6.1M | 0.21% | 0.0% | Held |
| 34 | — | IRONSOURCE LTD | $14M | 5.9M | 0.21% | −26.2% | Trimmed |
| 35 | BRBR | BELLRING BRANDS INC | $12M | 479.6K | 0.18% | 0.0% | Held |
| 36 | VTY | VERINT SYS INC | $8M | 199.5K | 0.12% | −91.0% | Trimmed |
| 37 | TMQ | TRILOGY METALS INC NEW | $8M | 10.5M | 0.12% | −5.5% | Trimmed |
| 38 | TEAD | OUTBRAIN INC | $4M | 792.0K | 0.06% | 0.0% | Held |
| 39 | — | FINCH THERAPEUTICS GROUP INC | $3M | 1.1M | 0.05% | 0.0% | Held |
| 40 | — | NOBLE CORP NEW | $2M | 66.7K | 0.02% | −36.4% | Trimmed |
| 41 | — | ERMENEGILDO ZEGNA N V | $1M | 698.2K | 0.02% | 0.0% | Held |
| 42 | — | JOBY AVIATION INC | $935K | 861.4K | 0.01% | −0.7% | Held |
| 43 | — | PERSHING SQUARE TONTINE HLDG | $817K | 1.9M | 0.01% | 0.0% | Held |
| 44 | — | VERTICAL AEROSPACE LTD | $570K | 1.5M | 0.01% | 0.0% | Held |
| 45 | — | LIBERTY MEDIA ACQUISITION CO | $315K | 631.3K | 0.00% | 0.0% | Held |
| 46 | AUROW | AURORA INNOVATION INC | $295K | 736.5K | 0.00% | 0.0% | Held |
| 47 | — | HORIZON ACQUISITION CORPORAT | $181K | 1.2M | 0.00% | 0.0% | Held |
| 48 | — | AVANTI ACQUISITION CORP | $140K | 2.0M | 0.00% | 0.0% | Held |
| 49 | — | CAZOO GROUP LTD | $113K | 1.3M | 0.00% | 0.0% | Held |
| 50 | — | REDBALL ACQUISITION CORP | $54K | 1.6M | 0.00% | 0.0% | Held |
| 51 | — | SVF INVESTMENT CORP | $47K | 197.9K | 0.00% | 0.0% | Held |
| 52 | — | HIPPO HLDGS INC | $38K | 199.5K | 0.00% | 0.0% | Held |
6 exited positions
Positions held in the preceding quarter and absent from this filing. Values and shares are from the preceding quarter.
| Ticker | Issuer | Previous value | Previous shares |
|---|---|---|---|
| — | AVANTI ACQUISITION CORP | $39M | 4.0M |
| POST | POST HOLDINGS PARTNERING COR | $26M | 378.3K |
| — | ALTIMETER GROWTH CORP 2 | $24M | 2.5M |
| — | DRAGONEER GROWTH OPT CORP II | $19M | 2.0M |
| — | JOBY AVIATION INC | $13M | 2.0M |
| — | SVF INVESTMENT CORP | $10M | 989.3K |
Every quarter on file (53)
From the manager’s Form 13F-HR filings on SEC EDGAR, amendments applied. Long US positions only; not a recommendation.